Freight Cars

For carbuilders, a sliver of hope amid continued weaknessThe percentage of shippers planning to order railcars ticked down for the second consecutive quarter, but on a same-shipper basis, the percentage increased modestly, and the conviction level about ordering strengthened, according to Cowen and Company’s Third-Quarter 2016 Rail Equipment Survey.

The Bureau International des Containers (BIC) announced that Douglas Owen has been appointed Secretary General. Owen joined the BIC as Deputy Secretary General in late 2012.
“In my new role I will ensure that the BIC’s important work in the...

Wabtec on Dec. 1 released 4Q 2016 guidance and preliminary guidance for 2017:
For 2016:
• Revenues are expected to be about $2.95 billion, down about 10% from 2015, and including about $100 million of revenue from its just-concluded Faiveley Transport acquisition.
•...

Railway Age presents its second annual Fast Trackers contest, in which we will profile ten individuals under the age of 40 who have made an impact in their respective fields or within their company.
Entries will be judged by experienced industry...

Railcar buyers are frequently of habit. It stands to reason. The costs of operating a railcar for moving a commodity are generally transportation, rent or debt expense (unless the asset is owned outright by the end user) and maintenance expenses.
Additionally,...

Arrow Material Services, a leading provider of material handling and logistics services, announced its purchase of EMS Management, Inc.
Based in Denison, TX, EMS offers environmental cleaning services to rail, marine, intermodal transport and industrial facilities across the United States and...

The most recent freight car forecast from Economic Planning Associates calls for deliveries of just under 62,000 units in 2016, as carbuilders work off significant backlogs, followed by a 21,000-car plummet in 2017, a slightly worse 2018, and the beginnings...

Amsted Rail announced Oct. 28 that it has entered into an agreement to acquire 100% ownership of the Amsted Rail-Faiveley brake component business for freight cars.
The acquisition by Amsted Rail will include brake components such as hand brakes, slack adjusters,...

Investors tend to be a fickle, knee-jerking lot, and when it comes to railroads or railroad suppliers, often clueless. Case in point: The Greenbrier Companies stock price taking a 6.52% hit after GBX posted a very solid fourth fiscal quarter...